Bill > A08627

This bill modifies the method for calculating discount rates in medical malpractice cases involving structured judgments, specifically changing how long-term payment streams are valued. Currently, the law uses the ten-year United States Treasury Bond rate for the first twenty years, and previously required calculating the rate for periods beyond twenty years by using two percentage points above the ten-year bond rate. The bill changes this by requiring the rate for periods beyond twenty years to be calculated using the thirty-year United States Treasury Bond rate instead. This technical change could impact how future medical malpractice settlements are calculated, potentially affecting the present value of long-term compensation awards. The bill will apply to all verdicts entered on or after the date of its enactment, meaning it will have immediate effect for new medical malpractice cases. The modification aims to provide a more current and potentially more accurate method of determining the financial value of long-term medical care and compensation in malpractice judgments.

Justice

https://www.nysenate.gov/legislation/bills/2025/A8627